Entries by Art Carden

Boosters Beware: Stadiums Aren’t Magic

Estimated Reading Time: 3 minutes

Another day, another push to give many millions to multimillionaires. The Jacksonville Jaguars are pushing hard for the city to renovate their stadium. Not far away, St. Petersburg, Florida is shoveling money at the Tampa Bay Rays. As economists never tire of pointing out, however, government funding for stadiums throws bad money after good. Instead of going […]

The Three-Headed Monster Giving Us Lousy Public Policy

Estimated Reading Time: 4 minutes

We have made fantastic strides in our understanding of how the physical and social worlds work. The Great Enrichment of the last three centuries or so that happened because we adopted the Bourgeois Deal of “Leave Me Alone and I’ll Make You Rich” has lifted us to standards of living our ancestors could not have […]

Cuba Demoted to “Not Real Socialism”

Estimated Reading Time: 3 minutes

If the Socialist Party of Great Britain is an authority on such things, it is official: in light of recent anti-communist protests and civil unrest, Cuba has been demoted to “Not Real Socialism” and reclassified, along with the USSR and other failed socialist experiments, as “actually state capitalism.” La Revolucion, it appears, is moving into […]

Are You “Wasting” Paper?

Estimated Reading Time: 5 minutes

I’m a heretic in a world where environmentalism is a leading religion. I think it’s okay to use a lot of paper, and I generally ignore the little exhortation at the bottom of so many emails saying “Think about the environment before printing this.” This isn’t to say I do use a lot of paper: […]

Let’s Make A Deal: The Bourgeois Deal Among Many Others

Estimated Reading Time: 5 minutes

Editors Note:  Deidre McCloskey has written a brilliant trilogy attempting to explain why, from almost the dawn of recorded history, mankind made little progress and lived on roughly a few dollars a day in today’s money.  But around 1750, something happened in society, and material progress began to change and has continued to advance to […]